After several consecutive sessions in which we committed to neutrality due to the range that dominated the movements of gold during this week’s trading, activating the selling positions requires a clear and strong break of the 1820 level, targeting 1810, touching a target of 1811. On the technical side, today, …
Read More »Gold is waiting for pending orders 28/6/2022
Limited sideways trading dominates gold price movements, maintaining the same technical conditions published during the last analysis. Technically, trading returned to the sideways range between 1820 and 1842, despite the negative pressure coming from the 50-day moving average, which is accompanied by the clear negative signs on the stochastic indicator. …
Read More »Gold is looking for catalysts 23/6/2022
We adhered to intraday neutrality during the last analysis, explaining that we are observing the price behavior of the bullish wave between 1825 and 1842. Furthermore, we indicated that cohesion above 1825 and 1842 are price motivating factors that increase the possibility of touching 1849, so gold recorded its highest …
Read More »Gold hovers around support 22/6/2022
Quiet trading tended to the negativity that dominated gold price movements during the previous session, nullifying the expected bullish scenario in which we relied on trading stability above the support floor of 1830, recording its lowest level during the morning trading of today’s session 1825. Technically and by looking at …
Read More »Gold establishes a support floor 21/6/2022
Gold prices found a good support level around 1833 over several consecutive sessions, unable to break the mentioned level, trying to hold on to its ascending path, and it is now hovering around its highest level during the early morning trading of 1840. On the technical side, stochastic is trying …
Read More »Gold attacks the resistance 17/6/2022
We adhered to intraday neutrality during the previous analysis due to the conflict of technical signals, explaining that activating the buying positions requires coherence above 1842, which enhances the possibility of touching 1846 and 1850, respectively, and extends the targets to visit 1860 so that gold reaches its highest level …
Read More »Mixed trading dominates gold 16/6/2022
Mixed trading dominated gold’s movements during yesterday’s trading session, affected by the Federal Reserve’s decision to raise interest rates by 75 basis points, recording the highest at 1841 and the lowest around 1807. On the technical side, today, the current moves are witnessing stability below the resistance level of 1842, …
Read More »Gold confirms the break 15/6/2022
Gold incurred noticeable losses during the previous trading session after it failed to maintain trading above 1850, confirming the break of 1838, explaining in the last report that breaking the mentioned levels is a sign of a shift in the trend to the downside, with targets of 1831 and 1810, …
Read More »Gold is back for a bullish bounce 13/6/2022
Gold’s movements witnessed strong trading at the end of the last week’s trading, heading to touch the second bearish target published last Friday at 1825, recording its lowest level at 1825, resuming the strong bullish rebound recording its highest level at 1879. On the technical side today, the pair achieved …
Read More »Gold needs to confirm the break 10/6/2022
Sideways trading in a narrow range still dominated gold’s movements, confined from the bottom above the support level of 1838 and above below the resistance level of 1855. Technically, and by looking at the 4-hour chart, we tend to the negativity, relying on the price stability below 1850, and the …
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